Background*

Mr. João Carrêlo, also known as Jo, served as the Chief Executive Officer and President at Eco Oro Minerals Corp until April 14, 2014. Mr. Carrêlo served as Managing Director and Country Manager at Sociedade Mineira de Neves-Corvo, S.A. from June 27, 2005 to May 24, 2006. He served as the Chief Operating Officer and Executive Vice President of Mining at Lundin Mining Corp. since April 1, 2007. Mr. Carrêlo has over 23 years of international management experience in the ... mining, metals and refining industry. He served as an Executive Vice President and the Chief Operating Officer of EuroZinc Mining Corp. from May 24, 2006 to October 31, 2006. He served as the Chief Operating Officer of Spain and Portugal Operations at EuroZinc Mining Corp. Mr. Carrêlo served as a Country Manager and Managing Director of SOMINCOR, a subsidiary of EuroZinc Mining Corp. from June 27, 2005 to May 24, 2006. He served as the Chief Executive Officer of Iberpotash S.A., Spain. He has over 29 years international operational, project and management experience within the mining, metals, refining and fertilizer industries in Latin America, Europe, Africa and India. He has been a Director of First Nickel Inc. since February 1, 2013. Mr. Carrêlo served as a Director of Eco Oro Minerals Corp from February 9, 2012 to May 2, 2014. He served as a Director of Cleveland Potash Ltd., United Kingdom. He served as a Director of Somincor since May 31, 2005. He served as a Director of Sociedade Mineira de Neves-Corvo, S.A. since May 31, 2005. He received his formal education in the United Kingdom and acquired his operating and business experience in Europe, South Africa and Latin America. Mr. Carrêlo is graduate mining engineer with MBA.

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